PETRONAS Fertilizer (Kedah) Sdn Bhd, a wholly owned subsidiary of Petroliam Nasional Bhd (Petronas), has successfully closed an RM750mil nominal value Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) issue.
In a statement, Commerce International Merchant Bankers Bhd (CIMB) said the papers would be issued in 10 series with tenures of one to 10 years. The proceeds would be used to refinance part of Petronas Fertilizer's existing shareholders' loan.
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